Latest Results from /regulation
/regulation
G7 national officials will meet in Japan on the 30th May to discuss challenges posed by generative AI tools like ChatGPT.
26 May 2023
Swedish credit scoring platform Qred is to become Europe's newest bank, having been granted a full banking licence by the country's financial regulator.
25 May 2023
Westpac has banned customers from sending money to the Australian arm of Binance as part of a wider series of measures designed to tackle cryptocurrency-related scam losses.
19 May 2023
Fintech giant Revolut has launched multi-currency business accounts in Australia and signalled its intention to obtain a banking licence in the country.
The American Bankers Association (ABA) has urged lawmakers to regulate stablecoin issuers like banks, arguing that two bills on the subject, up for debate this week, "fall short".
18 May 2023
Vilnius-based RegTech startup Amlyze, has concluded a $1 million pre-seed investment round led by Practica Capital, with participation from Lithuania's Firstpick accelerator and venture capital fund.
The UK Treasury Committee has called for consumer trading in unbacked crypto such as bitcoin and ether to be regulated as gambling.
17 May 2023
A new report from the Global Financial Markets Association (GFMA) claims that distributed ledger technology can have "transformative benefits" for capital markets but that regulators need to take a more innovative approach.
Renowned UK tech entrepreneur, Mike Lynch, has been extradited to the US to face criminal fraud charges, after losing his years’ long appeal against extradition.
12 May 2023
The European Parliament lawmakers reached agreement on a strict set of rules on AI use in the EU to rein in AI systems and ensure transparency and security.
The Consumer Financial Protection Bureau (CFPB) has issued a new circular confirming that banks which unilaterally reopen a deposit account to process transactions after a consumer has already closed it, will be in violation of the Consumer Financial Protection Act.
A senior Binance executive has bemoaned the regulatory environment in the US, saying it is "very difficult" for crypto firms to do business there.
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